Degrain (DGRN) Continues To Thrive in Bear Market, Outshines Litecoin(LTC) and Polkadot(DOT)

In this article, we examine why the coin on the block, Degrain, has been thriving while Litecoin and Polkadot have been struggling.

The bear market has been quite rough this year, and many tokens have not been spared from the onslaught. Some have crashed like Luna, and others that remain afloat have fallen more than 50% from their previous all-time highs.

Among those tokens that have taken a hit are Litecoin (LTC) and Polkadot (DOT), two currencies that have had a good run since their launch. In this article, we examine why the newest coin on the block, Degrain (DGRN), has been thriving while Litecoin (LTC) and Polkadot (DOT) have been struggling.

Litecoin (LTC): Investors are still waiting for a proper signal

Litecoin (LTC) is currently down more than 85% from its all-time high of $412.96 a year ago, but investors have hopes that there will be a pump soon. Litecoin (LTC) was created to provide fast, secure, and low-cost payments.

In recent weeks, the volume of the Litecoin (LTC) token has increased, and it has also caused an increase in volatility. It has made those waiting on it extra bullish, but experts say Litecoin (LTC)  is too soon to tell whether it is rallying for a pump or quick fall and have urged traders to wait patiently for a proper indication.

Polkadot (DOT): May be a good term long-term investment

Polkadot (DOT) is an open-source, sharded multichain protocol that connects and secures a network of specialized blockchains, enabling the cross-chain transfer of any data or assets, including tokens.

This important feature allows blockchains to be interoperable with each other, which is why many refer to Polkadot (DOT) as a decentralized internet of blockchains i.e. web3. Many experts believe Polkadot (DOT) can make a good long-term investment because of the knowledgeable team backing it.

They have predicted Polkadot (DOT) to rise to $14 this year and have claimed there could even be a further increase in 2023, but will the bear market allow this?

Degrain (DGRN): The popular new kid on the block

Degrain (DGRN) is the native currency for Degrain's upcoming cross-chain NFT marketplace. It aims to work with real-world companies and distribute platform revenue to investors and token stakers – something that analysts have praised. It is currently in Phase Two of its presale and is certainly a worthy investment in our eyes.

Degrain (DGRN) has already passed its audit and with liquidity being locked for 10 years, it has ambitious plans to become a dominating protocol within the cryptocurrency industry.

The token is currently trading for $0.085, however, we strongly believe that it could see a rise to $0.55 (~7,000%) by the end of 2022 or early 2023, once the presale ends.

Website: https://degrain.io

Presale: https://presale.degrain.io

Telegram: https://t.me/degrainio

Twitter: https://twitter.com/degrainio